The price of college continues to go up; around $9,000 for tuition and fees alone at four-year undergraduate schools, and $35,000 or more at private schools, according to the College Board. Be sure there are no surprises; discuss these costs with your children, decide what they will be responsible for and get them on board (a FamilyMint.com account with a college goal is an excellent place to start!)
All Planning Articles
Planning for College with a 529 Account
Posted on April 19th, 2011 by BobA Scary Thought – And How I Fixed It
Posted on March 15th, 2011 by JeffThe biggest money lesson I am passing along to my kids is how I act on a daily basis.
This thought used to strike a bit of terror in me, especially when I saw how some of my kids’ money habits were turning out.
A View from the Other Side
Posted on February 1st, 2011 by BobToday’s kids glob on to computer-based programs like it is genetically engineered into their DNA, so dated “tools” like the envelope system we used, piggy banks, etc. don’t capture their attention. And what’s worse, they focus only on the money, and not on what the money can do.
Teaching Kids to be Money Smart
Posted on November 6th, 2010 by BobCreating money-smart kids doesn’t happen overnight. It’s a skill and a behavior that has to be nurtured over time. The skill lies in learning the value of saving, giving, and spending conscientiously and understanding the difference between wants and needs. The behavior comes from the habits formed in doing these things over time and learning from mistakes.
Paying for College in a Down Economy
Posted on July 10th, 2010 by BobDespite the down economy, there are several ways parents and teens can work together to save for college without taking out a second mortgage or losing the house.
Successful people set goals
Posted on February 20th, 2010 by JeffDave Ramsey often says, “Children do what feels good. Adults devise a plan and stick to it.” We want to do all we can to teach our children to grow into successful adults, so how do we form the skills and the habits of planning ahead?